Common use of Determination of Monthly Principal Clause in Contracts

Determination of Monthly Principal. The amount of monthly principal distributable from the Collection Account with respect to the Notes on each Payment Date (the "MONTHLY PRINCIPAL"), beginning with the Payment Date in the month following the month in which the Controlled Accumulation Period or, if earlier, the Early Amortization Period, begins, shall be equal to the least of (i) the Available Principal Collections on deposit in the Collection Account with respect to such Payment Date, (ii) for each Payment Date during the Controlled Accumulation Period, the Controlled Deposit Amount for such Payment Date and (iii) the Adjusted Invested Amount (after taking into account any adjustments to be made on such Payment Date pursuant to Sections 4.05 and 4.06) prior to any deposit into the Principal Funding Account on such Payment Date.

Determination of Monthly Principal. The amount of monthly principal distributable from the Collection Account with respect to the Notes on each Payment Distribution Date (the "MONTHLY PRINCIPAL"), beginning with the Payment Distribution Date in the month following the month in which the Controlled Accumulation Period or, if earlier, the Early Amortization Period, begins, shall be equal to the least of (i) the Available Principal Collections on deposit in the Collection Account with respect to such Payment Distribution Date, (ii) for each Payment Distribution Date during with respect to the Controlled Accumulation Period, the Controlled Deposit Amount for such Payment Distribution Date and (iii) the Adjusted Invested Amount (after taking into account any adjustments to be made on such Payment Distribution Date pursuant to Sections 4.05 and 4.06) prior to any deposit into the Principal Funding Account on such Payment Distribution Date.

Determination of Monthly Principal. The amount of monthly principal distributable from the Collection Account with respect to the Notes on each Payment Date (the "MONTHLY PRINCIPALMonthly Principal"), beginning with the Payment Date in the month following the month in which the Controlled Accumulation Period or, if earlier, the Early Amortization Period, begins, shall be equal to the least of (ia) the Available Investor Principal Collections on deposit in the Collection Account with respect to such Payment Date, (iib) for each Payment Date during with respect to the Controlled Accumulation Period, the Controlled Deposit Amount for such Payment Date and (iiic) the Adjusted Invested Amount (after taking into account any adjustments to be made on such Payment Date pursuant to Sections 4.05 and 4.06) prior to any deposit into the Principal Funding Account on such Payment Date).